Posted on 12/23/2015 7:48:19 AM PST by SeekAndFind
In 2011, Democrat Gov. Dan Malloy claimed to have exacted "painful" concessions from state employees. Here's how the employees' lead negotiator, Dan Livingston, described the deal:
* On retirement benefits: "Now we have an 11-year pension and health care agreement ... that no other state worker in the country has."
* On job security: "Four years' job security. Nowhere else in the country will you find four years' job security."
* On wage increases: "Giving up the raise next year (3%) .. . to get three threes in a row in the three out years. ... Arbitrators around the country are ordering four zeros in many cases."
"Painful?" Only to over-taxed citizens who rely on state services that are being cut in order to continue to overpay employees who are supposed to provide those services. Deteriorating public services are another impetus to emigration. Who wants to pay more for less?
Housing prices in many areas of the state remain below the 2007-2008 peak and continue to decline, leaving many homeowners unable to sell and act on their desire to depart.
Except for the state's high earners, who are highly mobile. Fairfield County's high concentration of hedge fund managers need little more than a computer screen to do their work.
To get outta Dodge, they need only to spend 183 days out of state. Many don't need to sell a home to "move" and establish a new residency. Meanwhile, $2.5 billion of the $3.8 billion of net AGI leaving the state from 2011 to 2013 went to Florida, which has no income or estate tax, and where many emigres probably already own homes.
(Excerpt) Read more at news.investors.com ...
No, Florida doesn’t have an income tax - they have a NET WORTH tax!
Tell us how much your investments are worth, send us a check...
Or they could go to Texas, which has neither.
If you have foreign investments, how does Florida determine your net worth?
How does Florida determine your net worth if your investment value fluctuates with the market?
CT, NY, MA, all socialist states.
Malloy is insane. That explains everything that follows.
So, who negotiated on the behalf of TAXPAYERS.
If govt (IE: the ‘employer’), I’d call that a conflict of interest. Must be nice to be above the Law.
Not that I expected much from such a wink-wink-nudge-nudge $$-laundering operation.
RE: So, who negotiated on the behalf of TAXPAYERS.
I don’t know, in a sense the TAXPAYERS themselves want this to happen... they VOTED for these SLOBS.
GE, among others, is moving their operations. They prefer overseas. The only thing they’ll have left here will be non-union.
Some people are terminally stupid.
No, Florida doesn’t have an income tax - they have a NET WORTH tax!
Tell us how much your investments are worth, send us a check...
Don’t think they have this tax anymore.
“Florida ... no individual income tax[10] but has a 5.5% corporate income tax.[11] The state once had a tax on “intangible personal property” held on the first day of the year (stocks, bonds, mutual funds, money market funds, etc.), but it was abolished at the start of 2007.[12]”
What? They don't have that, or else I'm in a lot of trouble.
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